Welfare broker

MICHAEL LISA

Mailing address (most recent filing)

2 AQUARIUM DRIVE, SUITE 200

CAMDEN, NJ 08103

Total comp: $19K
Commissions: $19K
Fees: $0
Filings: 2
Sponsors: 2

Carrier mix

Where MICHAEL LISA places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

BLUE CROSS OF CALIFORNIA100.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
BLUE CROSS OF CALIFORNIA	1	$1.5M	100.0%

Top states · with penetration index

Plan count by state. Index > 1.0means over-indexed vs the broker's national share.

State	Plans	Premium	State share	Index
NC	1	$1.5M	0.0%	47.73x

Top industries by premium

NAICS-2 sectors where this broker places the most welfare premium.

Sponsor-size mix

Plan count by total participants. Reveals whether this broker is a mid-market player or jumbo-employer specialist.

Broker compensation as % of premium

Distribution of MICHAEL LISA's plans by broker comp / premium ratio. Median 2.78% vs welfare-wide median 6.29% (n=1).

Prospect-flag exposure · vs market baseline

Share of MICHAEL LISA's book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-1 of 1 sponsor where MICHAEL LISA is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
M3 WAKE RESEARCH, INC. M3 WAKE RESEARCH HEALTH AND WELFARE BENEFITS PLAN	NC	$1.5M	$41K	BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA